A sign that Country A is under pressure to appreciate its currency is its:
a. Current account is in surplus.
b. Overall balance is in surplus.
c. Capital account is in surplus.
d. Overall balance is in deficit.
e. Reserves account is in surplus (i.e., positive).
.B
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In the above figure, the economy is initially at point B. If the Fed decreases the quantity of money, there is
A) a movement to point C. B) a movement to point A. C) a shift to AD2. D) a shift to AD1.
Explain the difference between the following two expressions: Y = C(Yd) + I + G + CA(EP /P, Yd) and Y = C + I +G + CA
What will be an ideal response?
An individual's permanent income is
A) constant over time. B) the same as his current income. C) unaffected by tax changes. D) equal to his expected average income.
The idea that consumers rule the market
a. capitalism b. consumer sovereignty c. private property rights d. "the customer is never right"